REGISTERED NUMBER: 04574494 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

GRAYLEAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C Moss

Mrs B E T Moss

SECRETARY:

D C Moss

REGISTERED OFFICE:

Office Suite 1

Haslemere House

Lower Street

Haslemere

Surrey

GU27 2PE

REGISTERED NUMBER:

04574494 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,551

1,744

Investment property

5

1,724,971

1,720,000

1,726,522

1,721,744

CURRENT ASSETS

Debtors

6

42,891

45,821

Cash at bank

8,390

6,508

51,281

52,329

CREDITORS

Amounts falling due within one year

7

11,504

8,683

NET CURRENT ASSETS

39,777

43,646

TOTAL ASSETS LESS CURRENT LIABILITIES

1,766,299

1,765,390

CREDITORS

Amounts falling due after more than one year

8

(841,223

)

(841,802

)

PROVISIONS FOR LIABILITIES

(85,186

)

(65,189

)

NET ASSETS

839,890

858,399

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

839,888

858,397

SHAREHOLDERS' FUNDS

839,890

858,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

D C Moss - Director

1.	STATUTORY INFORMATION

Grayleas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

The following are the critical judgements and key sources of estimation uncertainty that the directors made in the process of applying the companies accounting policies and that have the most significant effect on the amounts recognised in the financial statements:

Fair value of Investment Properties

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the Profit and Loss. The directors assess the fair value of the investment properties based on recent market values. In determining the fair value on this basis, the valuation remains sensitive to fluctuations in the property market.

Turnover

Turnover represents rents receivable during the year. Where payments are received in advance of the rental period, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic

financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method

Creditors

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

17,573

2,777

20,350

DEPRECIATION

At 1 January 2025

15,829

2,777

18,606

Charge for year

193

-

193

At 31 December 2025

16,022

2,777

18,799

NET BOOK VALUE

At 31 December 2025

1,551

-

1,551

At 31 December 2024

1,744

-

1,744

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

1,720,000

Additions

4,971

At 31 December 2025

1,724,971

NET BOOK VALUE

At 31 December 2025

1,724,971

At 31 December 2024

1,720,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2005

142,352

Valuation in 2007

(35,931

)

Valuation in 2008

(132,458

)

Valuation in 2014

105,000

Valuation in 2015

35,340

Valuation in 2016

36,400

Valuation in 2018

37,492

Valuation in 2021

128,724

Valuation in 2023

26,478

Valuation in 2024

399,565

Cost

982,009

1,724,971

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,319

780

Amounts owed by participating interests

41,572

44,223

Other debtors

-

818

42,891

45,821

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

2,937

-

Deposits held

6,830

6,830

Director's current account

51

251

Accrued expenses

1,686

1,602

11,504

8,683

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

841,223

841,802

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

841,223

841,802

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

841,223

841,802

The mortgages are secured on the company's freehold properties and are repayable in full between 2029 and 2032 with interest payable monthly at rates varying between 5.24% and 6.25% per annum (2024: 5.74% and 6.44% per annum).

10.	RELATED PARTY DISCLOSURES

At the Balance Sheet date £41,572 was owed to Grayleas Limited by Colemere Limited (2024: £44,233), a company under common control.